Rising Tides, Sinking Approval Rates: Examining SLR Risk and Mortgage Credit Access

IF 3.1 3区经济学 Q2 BUSINESS, FINANCE

European Financial Management Pub Date : 2025-01-21 DOI:10.1111/eufm.12543

Chengbo Fu, Qiping Huang, Meimei Lin, Salman Tahsin

引用次数: 0

Abstract

We measure sea-level rise (SLR) risk using two indicators: SLR Impact (whether a census tract would be inundated under a 1-ft SLR) and SLR Exposure (percentage of land inundated under a 1-ft SLR). SLR-impacted areas see 0.36%–1% lower mortgage approval rates, with a 10% increase in SLR Exposure reducing approvals by 14 basis points. These patterns reflect future SLR risk expectations rather than past flood or hurricane events. We also find higher denial rates in regions with stronger climate risk beliefs and greater SLR risk. Additionally, SLR-related mortgage denials disproportionately affect minority groups.

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上升的浪潮，下降的批准率：检查单反风险和抵押贷款信贷准入

我们使用两个指标来衡量海平面上升（SLR）的风险：SLR影响（一个普测区是否会在1英尺的SLR下被淹没）和SLR暴露（在1英尺的SLR下被淹没的土地百分比）。受单反影响地区的抵押贷款批准率降低0.36%-1%，单反风险增加10%，使批准率降低14个基点。这些模式反映了未来单反风险预期，而不是过去的洪水或飓风事件。我们还发现，在气候风险信念更强、单反风险更大的地区，拒绝率更高。此外，slr相关的抵押贷款拒绝不成比例地影响少数群体。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

European Financial Management BUSINESS, FINANCE-

CiteScore

4.30

自引率

18.20%

发文量

期刊介绍： European Financial Management publishes the best research from around the world, providing a forum for both academics and practitioners concerned with the financial management of modern corporation and financial institutions. The journal publishes signficant new finance research on timely issues and highlights key trends in Europe in a clear and accessible way, with articles covering international research and practice that have direct or indirect bearing on Europe.